This spending and budget policy honors Elmer E Rasmuson’s donor intent (ensuring the foundation exists in perpetuity), satisfies the annual distribution requirements for private foundations under federal tax law, and reduces the risk of over and underspending. The policy establishes a process that allows staff to project a long-term average target spending rate to reflect the federal minimum payment, ensuring a smooth flow of funds for distribution.
Budget and Spending Policy (Rasmuson Foundation, 2026)
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